UBS Group AG Sells 912,750 Shares of CLEAR Secure, Inc. $YOU

UBS Group AG reduced its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 79.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 237,790 shares of the company’s stock after selling 912,750 shares during the period. UBS Group AG’s holdings in CLEAR Secure were worth $8,342,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its holdings in shares of CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after acquiring an additional 748 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of CLEAR Secure during the 1st quarter worth $28,000. Holos Integrated Wealth LLC bought a new stake in shares of CLEAR Secure during the 4th quarter worth $53,000. Strs Ohio bought a new stake in shares of CLEAR Secure during the 3rd quarter worth $53,000. Finally, Vestcor Inc bought a new stake in shares of CLEAR Secure during the 3rd quarter worth $105,000. 73.80% of the stock is owned by institutional investors.

Insider Activity

In other CLEAR Secure news, President Michael Z. Barkin sold 22,885 shares of the business’s stock in a transaction dated Sunday, March 1st. The shares were sold at an average price of $48.22, for a total value of $1,103,514.70. Following the transaction, the president owned 5,669 shares in the company, valued at approximately $273,359.18. The trade was a 80.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lynn Haaland sold 15,533 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $45.00, for a total transaction of $698,985.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 97,488 shares of company stock worth $4,579,078 over the last ninety days. 39.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on YOU. Wells Fargo & Company lifted their price objective on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Needham & Company LLC lifted their price objective on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. The Goldman Sachs Group reissued a “buy” rating and issued a $75.00 price target on shares of CLEAR Secure in a research note on Thursday, May 7th. Finally, DA Davidson reissued a “neutral” rating and issued a $60.00 price target (down from $65.00) on shares of CLEAR Secure in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $60.00.

CLEAR Secure Stock Down 0.1%

CLEAR Secure stock opened at $58.84 on Monday. The company has a market capitalization of $7.84 billion, a PE ratio of 47.45 and a beta of 1.09. The firm has a fifty day simple moving average of $51.81 and a two-hundred day simple moving average of $41.25. CLEAR Secure, Inc. has a twelve month low of $23.88 and a twelve month high of $61.68.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, equities analysts expect that CLEAR Secure, Inc. will post 1.78 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be given a $0.15 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. CLEAR Secure’s payout ratio is presently 48.39%.

About CLEAR Secure

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.